FNKO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On February 20, 2026, the U.S. Supreme Court ruled that U.S. tariffs imposed under IEEPA on goods imported into the U.S. were unauthorized. The Company’s total IEEPA tariffs paid as of the date of this report is approximately $20 million. In March 2026, the Court of International Trade (“CIT”) order…

• The federal government may attempt to impose new or similar tariffs under alternative statutory mechanisms. There remains substantial uncertainty regarding the duration of existing and newly announced tariffs, potential changes or pauses to such tariffs, tariff levels, and whether further additional…

• In addition, we have been and continue to be operating in a challenging retail environment where retailers have slowed their restocking, prioritized lower inventory levels and, in some cases, have negotiated additional discounting for sell-through or canceled their orders. Moreover, tariffs on impor…

• Net sales were $207.7 million for the three months ended June 30, 2026, an increase of 7.4%, compared to $193.5 million for the three months ended June 30, 2025. The increase in net sales was due primarily to increased sales of core Pop! products and the impact of price increases that went into effe…

• Net income was $15.4 million for the three months ended June 30, 2026, compared to net loss of $41.0 million for the three months ended 2025. The increase in net income was primarily due to the increase in net sales, in addition to the decrease in operating expenses as compared to the three months e…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• On February 20, 2026, the U.S. Supreme Court ruled that U.S. tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) on goods imported into the U.S. were unauthorized. The Company’s total IEEPA tariffs paid as of the date of this report is approximately $20 million. The rulin…

• In addition, we have been and continue to be operating in a challenging retail environment where retailers have slowed their restocking, prioritized lower inventory levels and, in some cases, have negotiated additional discounting for sell-through or canceled their orders. Moreover, tariffs on impor…

• Net sales were $200.9 million for the three months ended March 31, 2026, an increase of 5.3%, compared to $190.7 million for the three months ended March 31, 2025. The increase in net sales was due primarily to increased sales of core Pop! products and the impact of price increases that went into ef…

• Net loss was $18.1 million for the three months ended March 31, 2026, compared to net loss of $28.1 million for the three months ended March 31, 2025. The 35.4% decrease in net loss was primarily due to the increase in net sales, in addition to the decrease in operating expenses as compared to the t…

• EBITDA, Adjusted EBITDA, Adjusted Net Loss and Adjusted Loss per Diluted Share (collectively the “Non-GAAP Financial Measures”) are supplemental measures of our performance that are not required by, or presented in accordance with, U.S. GAAP. The Non-GAAP Financial Measures are not measurements of o…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On May 8, 2026, plaintiffs Peter Dirksen, Aviva Copaken, and Steven Beltran filed a putative class action complaint against the Company in the United States District Court for the Western District of Washington. The complaint asserts nine causes of action relating to alleged invasions of privacy, wi…

• We filed a motion to dismiss the complaint on July 17, 2026, asserting lack of standing, application of improper law, and failure to state a claim upon which relief may be granted. Concurrently, we also filed a motion to compel arbitration with respect to one of the plaintiffs. The motions are sched…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• On May 12, 2026, Tracy Daw, Chief Legal Officer and Secretary, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 284,664 shares of the Company’s common stock between August 13, 2026 and December 31, 2026, subject to certain conditions.

• On May 13, 2026, Yves Le Pendeven, Chief Financial Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 112,863 shares of the Company’s common stock between September 1, 2026 and March 31, 2027, subject to certain conditions.

• Other than the foregoing, during the three months ended June 30, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “ non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.